OTTAWA, Nov. 3, 2014 /CNW/ - Magor Corporation ("Magor" or the "Company") (TSX-V: MCC), a technology leader in visual collaboration solutions, today announced that it has received an initial purchase order through a partner as part of a new customer win, to deliver HD Personal Terminal Units in the amount of US $1,059,000. The Company anticipates that most if not all of this order will be delivered and installed by the end of the current fiscal year.
"We are pleased to have received such an order from an existing partner for a new customer win, representing the largest single order in the Company's history," said Mike Pascoe, CEO of Magor Corporation.
About Magor Corporation:
Magor enables people to engage in high-quality visual conversations while simultaneously sharing, viewing and editing relevant collaborative material on desktops, laptops, tablets, smartphone applications, whiteboards and other devices. Magor fits any workflow so that users have the freedom to work together naturally anytime, regardless of location, network or device. To find out more about Magor Corporation (TSX-V: MCC), visit our website at http://www.magorcorp.com.
Disclaimer in regards to Forward-looking Statements
Certain statements included herein constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward looking statements. Except as required by law, Magor does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Magor Corporation
For further information: Mike Pascoe, President and CEO, Magor Corporation, 613-686-1731, [email protected]; Babak Pedram, Investor Relations, Virtus Advisory Group Inc., 416-995-8651, [email protected]